Archives of “Anirudh Sethi” tag
rssJob Losses Accelerate
Good morning. The long-awaited jobs report is out and it came as worse than expected (as Goldman predicted). 263,000 jobs were lost and unemployment rate came in at 9.8%. Futures were trading lower ahead of the report and have stayed that way since.
Other news include the World Bank’s warning of a wobble ahead for the global economy, a strong dollar is very important to Geithner, Bernanke suggests a Board of Regulators, Meredith Whitney says small business credit crunch continues and Comcast & NBC are apparently in deal talksAt 10:AM we have Factory Orders for August and news of the Chicago Olympic Bid will also come out today between 12:30PM to 1:PM EST.
Already this fall I had expected and written to have cautious approach.Now just will watch S&P 500.Below 1031 will take to 1014-1009 level and there after retest of 991 level.
Will update more about DOW ,Nasdaq Compostite and S&P very shortly.
Iam personally Bearish for Stocks/Commodity from last 15 days and will not buy anything.
Technically Yours
Anirudh Sethi
Shirpur Gold :Traders just watch 250.25 level
In just 10 weeks from 137 to 249 level.
From last 10 days ,Every 2nd person is talking and writing about this stock.
-Market Rumours are :Refinery to start in week’s time
-Zee Group holds 72%.
-Monthly target 375+ June target 700 and 2 year target 3000+
(If this is way to predict /Forecast then nobody will remain poor in India )
-It means people should sell their Gold holding and should buy this stock ?
Now ,Let’s see -What chart indicates ?
-Above is the Monthly chart .
-Triangle was broken last week.
-Triangle Target Rs.290
Weekly/Monthly chart indicates :Three Consecutive close above 221 will take to 291-314 level.
-Thursday was first day it closed above 221.
Thirty Traders ,On Thursday it closed at 234 level.Now just watch 250.25 level.
-Crossover with volumes will take to 266-271-287-292 level in hrs only.
Trade with open eyes and always remember levels.
Updated at 6:10/05th April/Baroda
Trading Strategy for Nifty Future -03rd March’10
There is a meaningful difference between trading to win and trading to not lose. The average person feels more psychological pain over a loss than they feel pleasure over a gain–particularly once they have already “booked” that gain mentally. If I’m expecting a bonus from my employer, I’ll be happy when I receive the paycheck–but I’ll be much more upset if I find out the bonus has been rescinded.
We can never eliminate loss from life or trading; nor can we repeal the basic uncertainties of markets. What we *can* do is develop an edge in the marketplace and, over the course of many trades, let that edge accumulate in our favor.
And, if you’re trading well, maybe that losing trade will offer you a fresh perspective about how the market is trading: an insight that can make you money the next time around. Then it’s not a loss. It’s information that you’ve paid for.
Yesterday it was written Inverse Head & Shoulder indicates target of 5045 level.
-It made a high of 5035 & closed at 5023 level.
Never broken 4798-4782 & nonstop rally is continued.Trade with eye open and use commensense.
-Two consecutive close above 5025 level will take to 5144-5184 level.
-From recent low of 4667 this is 3rd wave (Target 5057)
-Inverse Head & Shoulder formation (Target 5045)
Thirsty Traders ,Just concentrate on levels.
5039-5045-5057 are Hurdles.
-Bollinger Band indicates to have cautious approach.
-Save this :In a day or two will see sharp Intraday fall and it will be panic like position.
-Sell 5000-5100 call.
Buy 4900-4800-4700 puts.
Rising Wedge on chart indicates rally may continue upto 5100-5150..No worry @ all.But vertical fall too not ruled out.
3& 7 DEMA will act as support levels.
I will update more to our Subscribers.
Updated at 7:42/3rd March/Baroda
Trading Quotes
